Skip to main content Accessibility help
×
Hostname: page-component-586b7cd67f-t7czq Total loading time: 0 Render date: 2024-11-25T15:04:12.874Z Has data issue: false hasContentIssue false

Part V - Mergers and Acquisitions

Published online by Cambridge University Press:  24 November 2022

Roger D. Blair
Affiliation:
University of Florida
Christine Piette Durrance
Affiliation:
University of Wisconsin
Tirza J. Angerhofer
Affiliation:
Duke University, North Carolina
Get access

Summary

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2022

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Reference

Herschman, Gary W., Patel, Anjana D., Kocot, Larry, and Torres, Hector M.. (2020). INSIGHT: Health-Care Consolidation Strong in 2019: Expect Even Stronger 2020. Bloomberg Law. https://news.bloomberglaw.com/health-law-and-business/insight-health-care-consolidation-strong-in-2019-expect-even-stronger-2020.Google Scholar

References

Bet, German, and Blair, Roger D.. (2019). Williamson’s Welfare Trade-off around the World. Review of Industrial Organization 55: 515533.Google Scholar
Blair, Roger D., and Harrison, Jeffrey L.. (1992). The Measurement of Monopsony Power. The Antitrust Bulletin 37: 133150.CrossRefGoogle Scholar
Hicks, John. (1939). The Foundations of Welfare Economics. The Economic Journal 49: 696712.CrossRefGoogle Scholar
Just, Richard E., Hueth, Darrel L., and Schmitz, Andrew. (2004). The Welfare Economics of Public Policy. Northampton, UK: Edward Elgar.Google Scholar
Kaldor, Nicholas. (1939). Welfare Propositions in Economics and Interpersonal Comparisons of Utility. Economic Journal 49: 549552.CrossRefGoogle Scholar
Miceli, Thomas J. (2009). The Economic Approach to Law. 2nd ed. Redwood City, CA: Stanford University Press.Google Scholar
Williamson, Oliver E. (1968). Economies as an Antitrust Defense: The Welfare Tradeoffs. American Economic Review 58: 1836.Google Scholar
Yde, Paul, and Vita, Michael. (1996). Merger Efficiencies: Reconsidering the “Passing-On” Requirement. Antitrust Law Journal 64: 735747.Google Scholar
Yde, Paul, and Vita, Michael. (2006). Merger Efficiencies: The “Passing-On” Fallacy. Antitrust 20: 5965.Google Scholar

References

Amneal Pharmaceuticals. (2021). www.amneal.com/about/our-story/.Google Scholar
Berenson, Robert A., King, Jaime S., Gudiksen, Katherine L., Murray, Roslyn, and Shartzer, Adele (2020). Addressing Health Care Market Consolidation and High Prices. Urban Institute. www.urban.org/research/publication/addressing-health-care-market-consolidation-and-high-prices.Google Scholar
Bulusu, Siri. (2021). HCA Faces Antitrust Claims After North Carolina Hospital Deal. Bloomberg Law. https://news.bloomberglaw.com/health-law-and-business/hca-faces-antitrust-claims-after-north-carolina-hospital-deal.Google Scholar
Blair, Roger D., and Kaserman, David L.. (2009). Antitrust Economics. 2nd ed. New York: Oxford University Press.Google Scholar
California Healthline. (2004). CalPERS Considers Plan to Eliminate Coverage at 45 Hospitals. https://californiahealthline.org/morning-breakout/calpers-considers-plan-to-eliminate-coverage-at-45-hospitals/.Google Scholar
Department of Justice and Federal Trade Commission. (2010). Horizontal Merger Guidelines. www.justice.gov/sites/default/files/atr/legacy/2010/08/19/hmg-2010.pdf.Google Scholar
Federal Trade Commission. (2018). FTC Approves Final Order Imposing Conditions on Merger of Generic Drug Marketers Amneal Pharmaceuticals LLC and Impax Laboratories Inc. www.ftc.gov/news-events/press-releases/2018/07/ftc-approves-final-order-imposing-conditions-merger-generic-drug.Google Scholar
Feinstein, Richard. (2012). Negotiating Merger Remedies. Federal Trade Commission. www.ftc.gov/tips-advice/competition-guidance/merger-remedies.Google Scholar
Impax Laboratories. (2016). United States Securities and Exchange Commission Form 10-K. https://s22.q4cdn.com/186279204/files/doc_financials/2016/annual/Impax-Labs-2016-10K.pdf.Google Scholar
Melnick, Glenn, and Maerki, Susan. (2020). Commissioning Change: How Four States Use Advisory Boards to Contain Health Spending. California Health Care Foundation. www.chcf.org/wp-content/uploads/2020/01/CommissioningChangeFourStatesAdvisoryBoards.pdf.Google Scholar
Nicholas C. Petris Center on Health Care Markets and Consumer Welfare. (2018). Consolidation in California’s Health Care Market 2010–2016: Impact on Prices and ACA Premiums. https://petris.org/wp-content/uploads/2018/03/CA-Consolidation-Full-Report_03.26.18.pdf.Google Scholar
Premerger Notification Office Staff. (2021). HSR Threshold Adjustments and Reportability for 2021. Federal Trade Commission. www.ftc.gov/news-events/blogs/competition-matters/2021/02/hsr-threshold-adjustments-reportability-2021.Google Scholar
Spetz, Joanne, Seago, Jean Ann, and Mitchell, Shannon. (1999). Changes in Hospital Ownership in California. Public Policy Institute of California. www.ppic.org/content/pubs/report/R_1099JSR.pdf.Google Scholar
Sutter Health. (2021). What Is Sutter Health? www.sutterhealth.org/about/what-is-sutter-health.Google Scholar
Tenn, Steven. (2008). The Price Effects of Hospital Mergers: A Case Study of the Sutter-Summit Transaction. Federal Trade Commission Working Paper No. 293. www.ftc.gov/sites/default/files/documents/reports/price-effects-hospital-mergers%C2%A0-case-study-sutter-summit-transaction/wp293_0.pdf.Google Scholar
Waters, Rob. (2020). California’s Sutter Health Settlement: What States Can Learn about Protecting Residents from the Effects of Health Care Consolidation. Milbank Memorial Fund. www.milbank.org/wp-content/uploads/2020/09/Sutter-History-Report_v3.pdf.Google Scholar

References

Beck, Marissa, and Scott Morton, Fiona. (2021). Evaluating the Evidence on Vertical Mergers. Review of Industrial Organization 57: 273302.Google Scholar
Blair, Roger D., and Kaserman, David L.. (1983). Law and Economics of Vertical Integration and Control. New York: Academic Press.Google Scholar
Blair, Roger D., and Kaserman, David L.. (2009). Antitrust Economics. 2nd ed. New York: Oxford University Press.Google Scholar
Capps, Cory, Dranove, David, and Ody, Christopher. (2018). The Effect of Hospital Acquisitions of Physician Practices on Prices and Spending. Journal of Health Economics 59: 139152.CrossRefGoogle ScholarPubMed
Cuesta, Jose Ignacio, Noton, Carlos, and Vatter, Benjamin. (2019). Vertical Integration between Hospitals and Insurers. SSRN. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3309218.Google Scholar
Coase, Ronald H. (1937). The Nature of the Firm. Economica 4: 386405.CrossRefGoogle Scholar
Koch, Thomas G., Wendling, Brett W., and Wilson, Nathan E.. (2017). How Vertical Integration Affects the Quantity and Cost of Care for Medicare Beneficiaries. Journal of Health Economics 52: 1932.CrossRefGoogle ScholarPubMed
Koch, Thomas G., Wendling, Brett W., and Wilson, Nathan E.. (2021). The Effects of Physician and Hospital Integration on Medicare Beneficiaries’ Health Outcomes. Review of Economics and Statistics 103: 725739.Google Scholar
Krattenmaker, Thomas G., and Salop, Steven C.. (1986). Anticompetitive Exclusion: Raising Rivals’ Costs to Achieve Power over Price. Yale Law Journal 96: 209293.Google Scholar
Lafontaine, Francine, and Slade, Margaret. (2007). Vertical Integration and Firm Boundaries: The Evidence. Journal of Economic Literature 45: 629685.CrossRefGoogle Scholar
Lafontaine, Francine, and Slade, Margaret. (2021). Presumptions in Vertical Mergers: The Role of Evidence. Review of Industrial Organization 59: 255272.Google Scholar
Malik, Tariq. (2011). Vertical Alliance and Vertical Integration for the Inflow of Technology and New Product Development in the Pharmaceutical Industry. Technology Analysis and Strategic Management 23: 851864.Google Scholar
Normann, Hans Theo. (2011). Vertical Mergers, Foreclosure and Raising Rivals’ Costs: Experimental Evidence. Journal of Industrial Economics 59: 506527.Google Scholar
Salop, Steven C., and Scheffman, David T.. (1983). Raising Rivals’ Costs. American Economic Review 73: 267271.Google Scholar
Spulber, Daniel. (2016). Complementary Monopolies and Bargaining. Northwestern University School of Law, Law and Economics Series No. 16–10.Google Scholar
Williamson, Oliver E. (1983). Markets and Hierarchies: Analysis and Antitrust Implications. New York: Free Press.Google Scholar

References

Abelson, Reed. (2021). Doctors Accuse UnitedHealthcare of Stifling Competition. New York Times. www.nytimes.com/2021/04/01/health/unitedhealthcare-lawsuit.html.Google Scholar
Angerhofer, Tirza J., and Blair, Roger D.. (2021). Successive Monopoly, Bilateral Monopoly, and Vertical Integration. Review of Industrial Organization 59: 343361.CrossRefGoogle Scholar
Baker, Laurence C., Bundorf, M. Kate, and Kessler, Daniel P.. (2016 ). The Effect of Hospital/Physician Integration on Hospital Choice. Journal of Health Economics 50: 18.Google Scholar
Blair, Roger D., and Kaserman, David L.. (2009). Antitrust Economics. 2d ed. New York: Oxford University Press.Google Scholar
Capps, Cory, Dranove, David, and Ody, Christopher. (2018). The Effect of Hospital Acquisitions of Physician Practices on Prices and Spending. Journal of Health Economics 59: 139152.Google Scholar
Federal Trade Commission. (2021). FTC to Study the Impact of Physician Group and Healthcare Facility Mergers. www.ftc.gov/news-events/press-releases/2021/01/ftc-study-impact-physician-group-healthcare-facility-mergers.Google Scholar
Herper, Matthew. (2017). Company Will Raise $1 Billion to Create Blood Test to Detect Cancer. Forbes. www.forbes.com/sites/matthewherper/2017/01/05/grail-which-aims-to-invent-blood-test-to-detect-cancer-to-raise-1-billion/?sh=2483a1493792.Google Scholar
Illumina. (2021). Illumina Committed to Pursuing GRAIL Acquisition to Accelerate Access to Breakthrough Multi-Cancer Early Detection Blood Test. Illumina Press Release. www.illumina.com/company/news-center/press-releases/2021/32156cec-c392-4d23-be23-66d7729892db.html.Google Scholar
McLaughlin, David. (2021). Illumina Fights US Bid to Unwind $8 Billion Grail Takeover. Bloomberg Law. https://news.bloomberglaw.com/antitrust/illumina-fights-u-s-bid-to-unwind-8-billion-grail-takeover.Google Scholar
Morse, Susan. (2019). FTC Approves UnitedHealth Group $4.3 Billion Acquisition of DaVita, with Conditions. Healthcare Finance. www.healthcarefinancenews.com/news/ftc-approves-unitedhealth-group-43-billion-acquisition-davita-conditions.Google Scholar
Neprash, Hannah T., Chernew, Michael E., Hicks, Andrew L., Gibson, Teresa, and McWilliams, Michael. (2015). Association of Financial Integration between Physicians and Hospitals with Commercial Health Care Prices. Journal of the American Medical Association 175: 19321939.Google Scholar
Phillips, Noah Joshua, and Wilson, Christine S.. (2019). Statement of Commissioner Noah Joshua Phillips and Commissioner Christine S. Wilson: In the Matter of UnitedHealth Group and DaVita. Federal Trade Commission. www.ftc.gov/system/files/documents/public_statements/1529366/181_0057_united_davita_statement_of_cmmrs_p_and_w.pdf.Google Scholar
Premerger Notification Office Staff. (2021). HSR Threshold Adjustments and Reportability for 2021. Federal Trade Commission. www.ftc.gov/news-events/blogs/competition-matters/2021/02/hsr-threshold-adjustments-reportability-2021.Google Scholar
Robinson, James C., and Miller, Kelly. (2014). Total Expenditures per Patient in Hospital-Owned and Physician-Owned Physician Organizations in California. Journal of the American Medical Association 312: 16631669.Google Scholar
Rodriguez, Carmen Heredia. (2019). Hospitals Chafe under a Medicare Rule That Reduces Payments to Far-Flung Clinics. NPR. www.npr.org/sections/health-shots/2019/04/23/716110288/hospitals-chafe-under-a-medicare-rule-that-reduces-payments-to-far-flung-clinics.Google Scholar
Weiser, Phil. (2019). Antitrust Challenge and Settlement to the UnitedHealth Group and DaVita merger Will Safeguard Competition, Cost, and Quality of Healthcare for Seniors in the Colorado Springs Area. Colorado Attorney General Press Release. https://coag.gov/press-releases/06-19-19/.Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×